If you have to pick one investment class that will shine in 2009 then choose gold, and probably silver. My prediction is that this will be the year when the Dow Jones to gold ratio goes to one.
That is to say the...
created by arabianmoney | 1 day ago | updated 1 day ago 28 views | 1 comment | 2 recommendations
If the UAE is the last real estate market in the world to enter a correction then is it too optimistic to hope that it might be the first to come out of a downturn? My argument is that the inflationary effects of the multi-trillion dollar bank bailouts are not to be...
It is nice to see my new book ‘Opportunity Dubai’ recommended as Book of the Week by the Daily Telegraph Book Club and to sit at No3 in the business book bestsellers chart. But there is a certain irony in this title, which I might as well address before some mean reviewer...
created by arabianmoney | 2 days ago | updated 2 days ago 15 views | 0 comments | 0 recommendations
Dubai has many projects as work-in-progress and that represents a substantial backlog to keep the city’s wheels rolling through the recession of 2009. In the meantime, the city’s famously proactive policy makers may surprise with new initiatives. However, consolidation...
Veteran contrarian commentator Dr. Marc Faber maintains that physical gold should be held outside the United States and is also now recommending junior gold exploration stocks. This is one of the best short commentaries on the state of US capital markets I have seen in ages....
Every now and again somebody writes to me and asks: why are your favorite precious metal juniors? And I do also include silver juniors because my logic suggest they could deliver the best bull market performance of the lot: silver prices being leveraged to gold and the junior...
Celebrated contrarian investment advisor Dr Marc Faber told Bloomberg television this weekend that he was buying gold exploration stocks as well as gold producers because prices were ridiculously cheap.
Brave faces all round in the UAE media world these days. Everybody knows that real estate advertising has been bank rolling the expansion of the sector for the past two years, and those times are over.
Rival airlines would love to see Etihad and Emirates collapse into some kind of a mess of competing managements and differences over debt management. But that is not likely to happen. The sheikhs of Dubai and Abu Dhabi are the best of friends and are more likely to work as...
Warren Buffett’s mentor Benjamin Graham looked at stock prices against their 10-year average earnings per share to gauge value. On that reckoning stock prices are only sightly cheaper than their long-term average for the first time since 1991. Stocks have been overvalued...
The $10 trillion of financial bailout policies in progress around the world will result in gold exceeding $2,000 an ounce, according to an internal client note from the US bank Citigroup obtained by The Daily Telegraph.
How could anybody possibly proceed with a $2.4 billion building contract for the Pearl Dubai, an iconic multi-tower development opposite the Palm Jumeirah, in the current economic environment? Or has Abdul Majid Esmail Al Fahim lost his mind? Anybody who has read the story of...
Dubai's sovereign debts have come under the microscope this week but nobody has highlighted the most unusual thing about debt in Dubai: less than 20,000 homes in this city actually carry a mortgage. This is incredibly low in global terms, and reflects the newness of the local...
Investors have temporarily lost their sanity and liquidity while the SWFs can take a longer term view and should profit handsomely in the process. Who can really argue that the Dubai Financial Market at an 80 per cent discount to earlier this year is not a buy? Ditto Dubai...
That $7.2 trillion is half the annual GDP of by far the world's richest country - how can you possibly inflate that much without impacting the currency's value? Obviously you can not - and surely that means a strike by the buyers of T-bonds can not be far off. Who wants to...
Truemors
2009 Dow to equal gold